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Problem - Below are the expenses for 6 months' time of a workshop. You are required to estimate the departmental overhead rates for each of the production department assuming that overheads are recovered as a percentage of direct material.
Expense
$
Rent and taxes
300
General overheads
400
Motive power
250
Lighting power
Stores overhead
500
Depreciation
1000
Repair and maintenance
2000
Amenities to staff
1800
Lubricating oil and consumable stores
Insurance
Electricity
Supervision
800
Additional information:
Item
Production Dept.
Service Dept.
A
B
C
D
E
Direct material
2500
2100
3000
4000
Direct wages
1500
1300
1400
1600
Staff
No.
50
90
40
70
30
Area occupied
Sq. yrds
150
100
125
130
Value of asset
80,000
1,00,000
1,25,000
30,000
20,000
No. of requisitions
20
25
Light points
35
Apportion the expenses of service department D in the ratio of 5:2:3 to the various Production depts. For the service department, on the basis of 'direct material'.
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